🚀 $TON 48% Pump Alert! 🚀
TON is showing impressive resilience, holding firmly at a strong support area. This level has maintained TON's bullish momentum, preventing any significant pullbacks. With its solid fundamentals, TON is well-positioned to deliver a powerful pump once market conditions stabilize.
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Chart Pattern Insight:
The chart reveals that #TON is currently at a critical support zone, setting the stage for a substantial pump. If it breaks higher, it could secure key levels, such as its Value Area Low (VAL) and Point of Control (POC). This move could potentially target liquidity at previous highs, breaking through its golden Fibonacci ratio—a strong technical signal for gains.
Adding further weight to this forecast, TOTAL3 (the total market cap of altcoins excluding BTC and ETH) has rebounded off a crucial Value Area Low (VAL). Historically, this level has marked the beginning of significant altcoin rallies, indicating that a broader surge across altcoins may be on the horizon.
Another essential factor is BTC Dominance (BTC.D), which appears to have hit its peak and is positioned for a downward trend. When BTC.D begins to drop, we typically see the market enter a parabolic phase, similar to the last cycle, where altcoins experience explosive growth.
In short, all indicators point to robust upward momentum for TON and possibly the entire altcoin market, setting up for a potentially explosive rally!
Trade Details:
🔹 Entry: 4.706
🔹 SL (Stop Loss): 4.2
🔹 TP1 (Target Price 1): 5.5
🔹 TP2 (Target Price 2): 6.98